European Multi-Utilities Cluster

The Standard Ethics European Mult-Utilities Cluster was launched on 23rd of June 2020, with the initial value of 10,000.

Purpose

The purpose of the Standard Ethics European Multi-Utilities Cluster is to provide an overview of the level of Sustainability being progressively achieved by European companies operating in the essential public services sector and measure the steps taken to align with OECD, EU and UN voluntary sustainability indications. 

Each Standard Ethics’ Cluster is public and operates on a full disclosure basis: the methodology and selection criteria are publicly available and may therefore be freely used as benchmarks by decision-makers and stakeholders. Standard Ethics’ Clusters (formerly known as Indexes or Benchmarks) have been applying the same methodology since 2004 and are self-financed. Standard Ethics’ work focuses on sustainability ratings, and its clusters are not subject to commercial activity or used as financial products.

Constituents

The constituents of the SE European Multi-Utilities Cluster are 15, selected among the European companies operating in at least two areas of business related to the provision of essential public services: waste (waste management and/or environmental services), water (water resource management) and energy (electricity and gas supply). The companies were selected according to their market capitalization, as well as the amount of floating shares.

The weights of the individual consituents are derived from the solicited or unsolicited Corporate Standard Ethics Rating (SER) assigned to each company.

For more information on Cluster's constituents click here.

Rebalancing and Review

If the Agency intends to track the Cluster’s performance, as it has done in the past, it will determine the weighting of each component based on the Standard Ethics Rating and rebalance the Cluster on a monthly basis.

The Cluster is reviewed every six months, at the end of the first and third quarter.

Rating actions will be recorded only on the dates when the review is scheduled to take place.